Just for the sake of stirring debate, here’s a defense of employee pay scales at Walmart

Monday

Jul 22, 2013 at 5:10 PMJul 22, 2013 at 9:16 PM

I’m not saying I agree with the conclusions in THIS PIECE (or in the comments that follow it), but I thought you might find it interesting:

Per store, Walmart makes around $1.4 million/year…

Walmart’s stores are staffed on average by about 300 people who make on average $12.67 or ~$25k/year if they work full-time and take two weeks of unpaid vacation. $1.4mn profit per store /300 workers = ~$4,500. So that’s how much surplus value Walmart is “extracting” from labor, if you don’t factor in anything else like retaining earnings, paying shareholders, investing in new stores/products, etc. That’s a lot ...

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Pat Cunningham

I’m not saying I agree with the conclusions in THIS PIECE (or in the comments that follow it), but I thought you might find it interesting:

Per store, Walmart makes around $1.4 million/year…

Walmart’s stores are staffed on average by about 300 people who make on average $12.67 or ~$25k/year if they work full-time and take two weeks of unpaid vacation. $1.4mn profit per store /300 workers = ~$4,500. So that’s how much surplus value Walmart is “extracting” from labor, if you don’t factor in anything else like retaining earnings, paying shareholders, investing in new stores/products, etc. That’s a lot ...